# GECKO Governance Launches Compliance Solution For ICO Market Following Approval by Isle of Man Regulator Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-06-14 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Former SEC Senior Compliance Examiner joins GECKO Governance Meta Description: Former SEC Senior Compliance Examiner Dan Viola has joined GECKO Governance's advisory board in Dublin, Ireland, to enhance compliance solutions for the URL: https://financedigest.com/gecko-governance-launches-compliance-solution-for-ico-market-following-approval-by-isle-of-man-regulatorhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd140618-1-2-1736840329290-compressed.jpg) _Former SEC Senior Compliance Examiner joins stellar advisory board_ **Dublin, Ireland-** [GECKO Governance](http://www.geckogovernance.com/), the multi-award winning RegTech regulatory solution for financial compliance, has announced the launch of a new compliance solution, GECKO Crypto1, following approval by the [Isle of Man Financial Services Authority](https://www.iomfsa.im/). Managing ICO governance and compliance for every jurisdiction, GECKO Crypto1 will offer enhanced levels of transparency and accountability to platform-users within the blockchain industry. The platform provider also announced today that Dan Viola, former Senior Compliance Examiner at the US Securities and Exchange Commission (SEC), has joined the company as an advisor. > GECKO Crypto1 will address issues of accountability and transparency within the ICO market by allowing companies to manage ICO projects before, during, and after the capital raising period – ensuring continuous [compliance with national and international regulation](https://www.financedigest.com/are-compliance-and-anti-money-laundering-aml-regulations-hurting-your-sales.html "Are compliance and anti-money laundering (AML) regulations hurting your sales?"). GECKO’s monitoring and [management tools for ICOs will thereby allow ICOs to be better vetted by investors](https://www.financedigest.com/activist-investor-elliott-management-takes-stake-in-salesforce-sources.html "Activist investor Elliott Management takes stake in Salesforce -sources") while providing an independent audit trail for regulators – furnishing renewed accountability and transparency for all ICO participants and the blockchain community. GECKO Crypto1 will be implemented on the Ethereum blockchain to ensure trusted, secure, decentralised compliance across the entire ecosystem of data providers and consumers. “2017 saw over $6.8 [billion USD](https://www.financedigest.com/pvdc-coated-films-market-is-projected-to-reach-usd-12-3-billion-by-2028-at-a-cagr-of-4-6-from-2022-to-2028-fmi.html "PVDC Coated Films Market is projected to reach USD 12.3 billion by 2028, at a CAGR of 4.6% from 2022 to 2028: FMI") raised through token sales – showcasing an incredible potential to finance ambitious products and startups. However, the current lack of governance standards within the ICO [market is a barrier to the continued growth](https://www.financedigest.com/the-bone-and-joint-health-supplements-market-growth-is-to-be-defined-by-innovation-continuously.html "The Bone And Joint Health Supplements Market Growth Is To Be Defined By Innovation Continuously") of the global blockchain ecosystem and may even become a point of failure. GECKO aims to bring transparency, accountability, and reliability to the ICO market – facilitating its maturation into a scalable and secure industry in which to do business,” said Shane Brett, Co-founder and [CEO of GECKO Governance](https://www.financedigest.com/uk-energy-ceos-urge-government-action-on-horrific-price-surge.html "UK energy CEOs urge government action on ‘horrific’ price surge"). GECKO Governance is backed by Boston-based venture fund [COSIMO Venture](http://cosimoventures.com/) s and counts Grant Thornton amongst its current client portfolio. Advisors to GECKO Governance include Jeff Parker, former CEO of Thompson Financial and, as of today, Dan Viola, current [partner and Head of Regulatory and Compliance Group](https://www.financedigest.com/havas-media-group-partners-with-lumen-research-to-measure-and-optimise-attention-at-global-scale.html "Havas Media Group Partners with Lumen Research to Measure and Optimise Attention at Global Scale") at Sadis & Goldberg LLP and former Senior Compliance Examiner for the SEC. In a related announcement, GECKO Governance [today stated](https://www.financedigest.com/the-state-of-cybersecurity-in-todays-financial-services-sector.html "The state of cybersecurity in today’s financial services sector") plans to undertake an Initial Coin Offering in the coming months. The tokens issued (GECKO) will be [marketed and registered as a Security and will underpin the platform’s key](https://www.financedigest.com/automotive-radar-market-key-players-industry-overview-applications-and-analysis-2026.html "Automotive Radar Market Key Players, Industry Overview, Applications and Analysis 2026") functionalities and will be usable by ICO contributors, token issuers, banks and fund managers, legal providers, as well as third party contractors – such as KYC providers – to access and pay for various services on the GECKO network. On 31 May, 2018, the Isle of Man Financial Services Authority approved GECKO Governance and Crypto1 platform for use by companies and [organizations](https://www.financedigest.com/six-reasons-why-digital-world-classtm-finance-organizations-outperform-peers.html "Six Reasons Why Digital World ClassTM Finance Organizations Outperform Peers") conducting token sales. Consequently, GECKO Governance will possess a license [backing and have formal authorization from the financial regulator](https://www.financedigest.com/eu-regulator-backs-novavax-shot-as-regions-fifth-covid-19-vaccine.html "EU regulator backs Novavax shot as region’s fifth COVID-19 vaccine") to conduct its own ICO. “We are extremely excited to announce that we have received full [approval from regulators](https://www.financedigest.com/eu-regulator-hopes-to-approve-covid-variant-adapted-vaccines-by-autumn.html "EU regulator hopes to approve COVID variant-adapted vaccines by autumn") from the Isle of Man. This is a wonderful moment for GECKO as we move in a new direction, bringing the same level of accountability and transparency to the ICO [market as we have been providing to the funds compliance industry](https://www.financedigest.com/computer-assisted-anesthesia-systems-market-industry-analysis-opportunities-technology-demand-top-players-and-growth-forecast-2027.html "Computer Assisted Anesthesia Systems Market Industry Analysis, Opportunities, Technology, Demand, Top Players and Growth Forecast 2027") for years. Our ICO will not only allow us to effectively scale our platform to address the requirements of the global blockchain ecosystem, but gives us the [opportunity](https://www.financedigest.com/uv-disinfection-equipment-market-opportunities-demand-and-revenue-forecast-2025-tmr-study.html "UV Disinfection Equipment Market Opportunities, Demand and Revenue Forecast 2025 – TMR Study") to showcase the best-practices which GECKO will bring to the fore in the international token market,” stated Brett. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---